Information covered in the Illinois Insurance Association blog is intended to provide general information and guidance, and should not be considered legal advice.
Jul 26, 2017, 8:39 AM
Many insurance companies use credit-based insurance scores as an eligibility and/or pricing tool. A credit-based insurance score uses credit history to calculate loss probability. Insurers have identified a statistical relationship between credit and claim history. Those with good credit tend to have fewer claims, and in turn pay less for insurance.
Jul 19, 2017, 4:49 AM
Drowsiness is a condition that sneaks up on drivers and compromises their ability to safely operate the motor vehicle. Research confirms sleepy motorists take longer to react, pay less attention to the roadway, and have diminished decision-making skills. These risky behaviors contribute to numerous auto accidents.
Jul 12, 2017, 6:11 AM
No. Your auto policy must have collision or uninsured motorist property damage to cover vehicle repairs stemming from a crash with a driver that has no insurance.
Jul 5, 2017, 6:23 AM
Life insurance provides financial stability for surviving loved ones. Beneficiaries typically use life insurance proceeds to maintain a standard of living, pay debt, fund college, etc. These needs at seem less urgent once the house is paid for, but going without life insurance may be unwise.